REPS SEEK OVERHAUL OF MINISTRY OF FINANCE INCORPORATED ACT

The House of Representatives Committees on Finance and Public Assets have called for a review of the Ministry of Finance Incorporated Act, 2024, to align with global financial management practices and regulatory expectations.
The committees made the call on Tuesday at a public hearing to review and reform Nigeria’s financial legal framework.
Speaker of the House of Representatives, Tajudeen Abbas, described the event as a crucial legislative effort to examine and update the nation’s financial statutes to align with current global financial management practices and regulatory expectations.